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20121205
20121213
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Search Results 0 to 17 of about 18 (some duplicates have been removed)
today poorly timed for another reason. chrysler's management forced to bow to the united autoworkers union as the company rehired 13 employees who had been caught drinking alcohol and smoking marijuana while on the job. chrysler's spokesman said the company was forced to respect a union arbitrator's decision. and while the president was in michigan, reports that a chinese auto parts company has purchased bankrupt a123 systems, a battery maker that received more than half of a $250 million taxpayer-funded obama stimulus grant. a123 systems was once heralded by energy secretary steven chu as a success story for american manufacturing. the green battery maker blaming weak demand for electric cars for their failure. china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropriately the impasse, many of our state governments aren't in much better shape. state pension systems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almost $4 t
atheists, chrysler workers caught on camera drinking and smoking pot get their jobs back. we'll talk to the reporter who broke the story two years ago. how many gun stores are there in america? how many grocery stores are there? the comparative numbers my surprise you. we've got a lot of opinions coming in to us on "varney & company" and we want to keep it flowing. varney@foxbusiness.com is how you reach us. i've got seven early movers for you, high profits, but less money coming in in the packaging company, greece it's called. what's with the stock? it's up about 4%. the rare earth mining company molycorp ousted its chief executive officer. it's down a little. profits disappointing seismic equipment maker geospace, down and dupont buying back a billion dollars worth of its stock and it's up just a little. health insurer aetna expects higher profits next year, it's up. and microsoft has wrapped up production of its new surface tablet and it, too, moving higher in the early going, i own some microsoft stock. netflix says it needs many more subscribers to be profitable. nonetheless it'
and they went to bat at chrysler. do you remember when we told you about the chrysler workers who were smoking pot and drinking deer, that is lunch hour. that is a break out in the -- that does look like pot. the company chrysler has had to hire them back. they released a statement while the company doesn't agree with the ultimate decision of the arbitrator, we respect the grievance procedure process and the relationship with the uaw. folks, how would you like to buy the car that built by those guys in the afternoon? >> gretchen: it is interesting, i wonder how important it was it was off duty conduct. there must be rules written in as long as they were not doing it technically on duty and were on lunch duty. i am not a lawyer. but i bet that was part of the arbitrator deciding in their favor, but it goes to show why all . people are showing up in michigan today because if you are part of the union. they are great, they are great at keeping your jobs for you. they are. >> eric: any other job on the planet. if you were caught in the parking lot drinking one of the bottles was beer and smoking p
to the mayor of lansing, virg bernaro next hour. and remember the chrysler workers smoking and drinking during the lunch break? two suspended and they got their jobs back. that was an arbitrator's ruling. under the union contract they were on their own time. chrysler says it disagrees with the decision, can't change it, that's the example of the union's power. and tell us what you think about the workers getting their jobs back. and we'll read some on the air. more fantasy island in california, coming up after the break, why california's green energy policies just don't work and we're also going to bring you the opening bell and we've got more companies issuing special dividends before the end of the year. including the one that runs victoria's secrets. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that hes block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. ...so as you can see, geico's customer satisfaction is at 97
piece of the future buying cycle. a nice silver lining. david: now chrysler is an italian car company. the italians, the parent company is going to awful times. quitting because of the sales. is there any possibility. now they are not supposed to do this, but is there any possibility tie-ins will pour some of the profits they're making from chrysler here and use them to pay out the parent company in italy? >> i suppose the possibilities are always there. certainly talking about a global company to the extent you're doing better in one market and then another is always a bit of shifting around. at this point i think north america for all the automakers has really become a strong point. hopefully we can move forward, result in undermining uncertainty and go into a strong 2013 in terms of auto sales. david: the u.s. may be doing well but europe is doing terrible. chief economist, thank you very much, good to see you. it has been a rough year for corporate america with the government fining businesses $1.1 billion in antitrust funds. we have the exclusive details. liz: ever wonder what it
, they are shell shocked even for these guys, like the guys in chrysler building they go in there they don't know what to do. >> i'm a very literal person when i get an invite, they tell me they want me to speak my mind, i do, maybe i should be more little bit ily correct. but they are -- politically correct. they are good people are they are great leaders,. neil: has anyone declined? >> the ones that can fige out a raireally good excuse to not , don't go, it is a terrible distraction, their pr people are coaching them, and coaching them. they don't want to say something that will damage the shareholders, so they play the game. neil: you know, a lot of these guys, have said, and women, have been saying, mr. president, we think a deal shoul be struck, and revenues should be part. we don't like some of them said, i'm paraphrasing, we donnt like this dispractic dispractice pori weighted. >> he is doing this for optics, inviti them in s, go back and sell the american people on the idea, he does not care what they have to say, he has made up his mind. the republicans and democrats going at it, tongue,
people is in 2010 there were 13 sort of chrysler workers who were fired for using alcohol and marijuana on the job making cars. two years later all 13 of them got their jobs back basically because of union backed arbitration and let them go back to work. union rules to not make a very efficient and what everybody is looking to do is basically to ban the automatic deductions from payrolls going to union fees for those who don't join union workers. they're trying to be very pro-worker. tracy: let's face it. i don't want to be forced at work, don't want to feel as a worker so it is good for me too. it feels almost odd entire south is still union where you get your northeast states all rights to work. why is there such a division? >> i really can't tell you, but it's postmarked the mentality the workers should be freed to make their own decisions. while republicans can push the bill through. obviously the unions and the uaw are crying uncle, but the time has come. tracy: union membership is falling precipitously. now you have political donations being the only reason the president is in thi
. not the chrysler building, you can see in the middle of the picture. i have always been worried about that. it feels like a cross between a knead l on a record player or on a syringe. but the building that your uncle is all upset about is the one on the right there. the greenish one with the nice view across the east river. that building is the world headquarters of the united nations. the place where it might sound like they are talking about putting bike racks in city downtowns. but your crazy uncle know what is they really mean is world domination by the antichrist who works at the united nations and is also president obama. there have been far right conspiracy theories about the united nations as long as we have had both the united nations and far right hysterics. but today the far right got loose in the united states senate. it seems to have freaked out even some of the republican party. and that story is next. s the frp that makes tv even better. if your tv were a space captain, zeebox would be an alien, first officer. just like an officer helps a captain explore the universe, zeebox
million endowment. it owns the land beneath the chrysler building, but the school says it's operating at a loss and the shortfall has to come from somewhere, including from the students. never mind what the school's founder and namesake said about a free education for any student. if you know anything about students, you know the evolving school tuition policy has not been accepted by the student body. they did not shrug and say, oh, well, before stopping in for a student loan application. instead right now they're staging a sit-in. they barricaded themselves inside an eighth floor room in the clock tower where lincoln spoke on that legendary night. they've been there since monday setting up camp. we're here, we're staying, we forgot coffee. they demanded the school, quote, publicly affirm its commitment to free education. this morning another group of students invited themselves to the meeting of the board of ç trustees so they could take minutes arguing they needed transparency and student involvement. students are fighting against rising tuition costs. these guys are fighting to
are world competition, we ran into bankruptcy. chrysler now twice . we see it in the southern states where the plants are. they were not the ones that went bankrupt in 2008 and 9. it really is a tough choice and i sympathize with the unions. but in the global economy where you compete on wages and other units of production . you can either have high wages with low employment or as obama said spread around the wealth. >> gretchen: michigan is the heart of the labor industry in this nation specifically whether so many cars are made and the unions are powerful there. it is emblematic and we look back on history. this move to make michigan a right to work state will be historic for that reason alone . what needs to be so clear in the discussion, it is really about choice. it is not about tamping down people's rights. it is actually moving them up and saying you now have a choice. you can pay your dues to the union, or you can choose not to pay the dues. >> steve: what happened in michigan is a great thing. because any time the government insists that you have to pay to go in and get a paycheck
and what they mean in the next hour. meanwhile, president obama will visit a chrysler plant just outside detroit today. remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit today. will he address union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals thr
what happened to general motors or chrysler. yothey make it less profitable r unions. as a result you get more invested and more jobs. jobs are one thing michigan definitely needs. lori: i agree. the unions would argue many of the freedoms, many of the advantages their workers enjoy her because of the lobbies and the history they have had, therefore the unions are deservedly deserve their dues. >> if you can persuade workers to give you their money, that is fantastic, that is your constitutional right. they should not be forced to pay dues to the union. 20% of union households in michigan support the right to work law. probably because there's a awful lot of union workers don't go there again the value worth of their dues or supports priorities. they should have a choice, that is their right. lori: we have seen unions lose membership, lot less clout than in generations past. how do you characterize the influence of unions right now? >> it is a competitive marketplace. up through the late 70s the detroit automakers headlock on the u.s. market and about a million and a half members. sin
you buy the fuel and put it among the manufacturers, chrysler, gm, toyota, especially in older vehicles and look at your manufacturers website if you're in this group, what happens with the e15 the fuel separates and ethanol in there is highly corrosive to your engine. is this new information? did we know this before? >> well, no, we've told the regulators about this we spent millions of dollars in research to try to understand that dynamic. in fact let me reiterate. in the oil and gas business we support biofuels. we're major investors and producers of biofuels but we don't think you should force more biofuels to be mixed with regular gasoline until you know its impact. other research shows it puts five million american cars that are already on the street at risk where it could have some engine damage. we think you need to look at all these other issues that are now starting to come to the surface, but regulators, the administration just moved forward mandating the fuel. melissa: what does it mean to have aaa coming in and putting out a warning, saying don't use it, and puttin
money that went into it. without federal money, chrysler and gm would have gone bust. >> the liquidity. like aig -- >> exactly. let me finish. you talk about it's all wasted. that's not true. that's not true. some of it is well spent. and i think you should answer your question. sandy, not named after me, had a major impact on the east coast. there's been a request for help from the federal government. i'm all in favor of accountability. >> but did you have accountability with katrina? i don't think so. it's your constituents that are paying for the wasteful money. if you're coming here telling your constituents, you really don't -- >> no, look, i'm saying, i'm in favor of accountability. >> the congressman from new jersey needs to speak up for the state. >> i'm in favor of accountability. let me finish. after accountability is built in, will you vote yes or no? >> i will be supportive of slaks once we have the accountability in place. >> good. >> work with me on the accountability, fantastic. >> absolutely. i'll make sure the people in new jersey and new york are not left high and dri
that are unionized to autoworkers on the line at gm, ford or chrysler. interestingly, though, today, too here, brooke, you had fellow union workers protesting that aren't even part of the legislation. it does not apply to firefighters or police officers. but yet here today we found firefighters who were protesting this saying this is bad for workers across michigan. and nationally. i want you to listen to ted coakley, he's one of those and he explains why. does this mean the gbeginning o a death of unions in the country? do you think it is that big symbolically? >> i think things like this are waking the sleeping giant. i think workers and working families are tired of losing. they want a fair share of the prosperity of this state, and this country, and i think that's going to help build the union movement. >> reporter: -- from this right to work legislation. why are you here? >> that's correct. as of right now we're exempt from this legislation. but it doesn't change the fact that we want to be here to support all our brothers and sisters in the unions because we're also union. and the fact that our
Search Results 0 to 17 of about 18 (some duplicates have been removed)